InterContinental Hotels rose to a record high after the Holiday Inn owner reported better-than-expected 2016 profits and boosted its dividend payment amid ongoing pressure from new entrants such as Airbnb

European stocks traded mixed Tuesday, with futures prices pointing to an uncertain open on Wall Street, as investors continued to focus on mounting regional political risks amid stronger-than-expected economic data

InterContinental Hotels rose to a record high after the Holiday Inn owner reported better-than-expected 2016 profits and boosted its dividend payment amid ongoing pressure from new entrants such as AirBnB.